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Poker Provides 80% Of paddyPowers Earnings

9/30/09 - The growing importance of Paddy Power group's online gambling operations was emphasised by CEO Patrick Kennedy in an interview with Bloombergs business news this week.
 
Kennedy was bullish on the group's prospects for 2010, where he expected faster growth in the Australian operations of the group, and said that earnings from online gambling activities could rise to more than 80 percent of profit “in the not too distant future” from two-thirds at the latest results.
 
Kennedy revealed that Paddy Power is building up its Internet unit and increasing its overseas presence as the recession in its home market cuts betting shop wagers.
 
In July, the bookmaker bought a 51 percent stake in Sportsbet Pty Ltd. to expand into Australia. Sales momentum there “remains very strong,” the CEO said, adding the company is now able to secure U.K. stores on better terms as retailers exit the high street.
 
“I think 2010 will be a good year for Paddy Power,” said Kennedy (40). "When I look at 2010 and beyond I think we will continue to grow our share in all of our markets.” 

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In the two months since the Sportsbet acquisition, the Australian business increased customer numbers by about 80 percent from a year earlier, Kennedy said. That represented an acceleration from 70 percent growth in the nine months through March.
 
Paddy Power may move into France once the market opens up, Kennedy said. That could either be done through its own brand or through a joint venture with a French company that would use Paddy Power’s technology.
 
“Large French companies who would have well-known brands and would know their way round the French market would be the sort of companies we would be looking at,” the CEO said. “We can provide them with the backend and they do the front end.”



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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